Sanrith Descartes
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The good thing about sub-NAV SPACs is that dont really fall much on really bad market days.
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SPAC & IPO Ideas
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Sanrith Descartes
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Mobile fucking gaming? The Founders of Google and all they can come up with is mobile gaming? Motherfuckers.
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TheBeagle
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Wow. Jam City. Ive been hodling XPOA for a fucking company that sounds like it was thought up during a writing session of Who Framed Roger Rabbit. It will be a miracle of this thing hits $12
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Sanrith Descartes
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This founder team and they come up with a 10% margin game company. I'm just stunned.
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Jysin
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Fogel
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Sanrith Descartes
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I know I already looked. On the bright side, I can unload and free up some cash to invest in a real company.
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Sanrith Descartes
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On one account I have a cost basis of $9.95 and I am still losing money. SMH. On the other its $10.30. Either way I'm not taking a major hit but fuck this is disappointing. I would have been much happier with some no revenue company that had some wild ass tech shit I had never heard of. This is just so... underwhelming.
Sanrith Descartes
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It's not the revenue for me, it's the low ass margins. 10% margins today aren't going to magically grow into 30% margins in a year or two.
Sanrith Descartes
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PSTH is starting to look more solid in terms of a Bloomberg DA. That little fucker still owns 88% of the company. He can sell out a chunk to PSTH and still retain control and it let's him cash out some of his stake to give away.
Jysin
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Only thing that seems odd for the Bloomberg deal is, its been held up for "complexities that Ackman have been solving on their behalf" (per his WSJ interview). Bloomberg seems like it would be a pretty straightforward deal to me. Stripe / Plaid has complexities, Starlink has complexities ..
I would be happy with any of those 3 targets though honestly.
I would be happy with any of those 3 targets though honestly.
Sanrith Descartes
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People have discussed this. The complexities seem to revolve around Mike's estate planning since he is in his 70's and what happens to the company when he kicks.
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I think this is the problem with all the spacs now, they are all fighting over the last turds at the bottom of the toilet bowel.
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Sanrith Descartes
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Some massive blocks of XPOA being sold at the open. Once these flush out there might be some hope of some upward movement back toward $10. Right now I don't see a need to sell immediately. I am gonna give it a few hours to let the market shake out.